Weakening onchain activity and bearish derivatives data suggest that a SOL price recovery will take longer than most investors anticipate.
Key takeaways:
SOL derivatives signal bearish sentiment as funding rates hit 0% and put (sell) options trade at a premium.
While Solana leads in DEX volume, it faces stiff competition from Hyperliquid in the perpetual contracts sector.
Weakening onchain activity and bearish derivatives data suggest that a SOL price recovery will take longer than...
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